4 ms·
Read a great book on this in college in formative years. Made me pretty depressed about how management/markets can target false equilibrium points. Markets do
by FrustratedMonky 3y ago
Read a great book on this in college in formative years. Made me pretty depressed about how management/markets can target false equilibrium points.
Markets do not drive efficiency. At least not if chasing quarterly profits drives bad decisions.
"When the machine stopped: A cautionary tale from industrial America"
https://www.amazon.com/When-machine-stopped-cautionary-industrial/dp/0875842089 https://www.amazon.com/When-machine-stopped-cautionary-indus...
Note: referenced in the OPs original article
- pinewurst 3y agoThis is a great book - I still own my copy and occasionally reread it.